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TREAS/IRS RIN: 1545-BH34 Publication ID: Fall 2023 
Title: Regulations Under Section 45D That Revise and Clarify Certain Rules Relating to the New Markets Tax Credit 

On August 11, 2008, proposed regulations, 73 FR 46572, relating to the recapture of the new markets tax credit under section 45D, were issued. Because more than a decade has passed since the issuance of the proposed regulations, and because industry practices have evolved during that time, new amendments are proposed to the regulations under section 45D to clarify certain rules relating to the New Markets Tax Credit.

Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 45D(i)   
Legal Deadline:  None
Action Date FR Cite
NPRM  08/11/2008  73 FR 46572   
Outlines of Topics Due  11/03/2008    
NPRM Comment Period End  11/10/2008    
Public Hearing  12/12/2008    
Second NPRM  12/00/2023 
Additional Information: REG-149404-07 Drafter attorney: James W. Rider (202) 317-4137 Reviewer attorney: James Holmes (202) 317-4137 Treasury attorney: Kimberly Wojcik (202) 622-8516 CC:PSI
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
James W. Rider
Attorney-Advisor (Tax)
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5107,
Washington, DC 20224
Phone:202 317-4137
Fax:855 591-7867